Economic Overview of the Wild, Wild West

Size: px
Start display at page:

Download "Economic Overview of the Wild, Wild West"

Transcription

1 Economic Overview of the Wild, Wild West Christine Cooper, Ph.D. Regional Economist (West) Copyright 217 CoStar Realty Information, Inc. No reproduction or distribution without permission.

2 But first, let s answer the big question.. HOW LONG CAN THIS LAST?

3 How long can this expansion last? Annual % Change (seasonally-adjusted) months Source: BEA (7/28/217)

4 We ve won the bronz, and aiming for the silver Duration of past expansions (months) Average Source: BEA (7/28/217)

5 Why the big slowdown during recent expansions? Average annual GDP growth rates 14 7.% % % 4.9% 4.3% 4.5% 3.2% 4.3% 3.6% 2.7% 2.2% 4.2%? Average. Source: BEA (8/3/217)

6 ECON 11: GDP = C + I + G + NX Billions of chained (29) dollars 18, 14, 1, 6, 2, -2, Source: BEA (8/3/217) Net Exports Government Private Investment Consumption Total GDP

7 So how are consumers doing?

8 It seems like consumers are pretty happy! Consumer Confidence Indices Michigan Consumer Sentiment Conference Board Consumer Confidence Index Sources: University of Michigan; Conference Board

9 Consumer spending growth has been pretty solid Annual % Change (Seasonally-adjusted) Source: BEA (8/3/217)

10 but are they digging into their savings? Personal Savings Rate (Annual rate; seasonally-adjusted) Source: BLS (8/3/217)

11 Jobs! Jobs! Jobs!

12 Jobs continue to be added Monthly Change in Nonfarm Jobs (thousands) million jobs lost in two years million jobs added since Jan , Source: BLS (9/1/217)

13 Unemployment rates U-6 Headline Source: BLS (8/4/217)

14 Declining labor force participation. Percent of Population in the Labor Force Source: BLS (8/4/217)

15 . even of prime working-age population Percent of Population Aged in the Labor Force Source: BLS (8/4/217)

16 Wage growth has been anemic Average Weekly Earnings (Annual % change) Source: BLS (9/1/217)

17 A job is a job is a job. Since 21, we added about17 million jobs: Industry # of jobs added Food services: 2,46, Health services: 2,12, Admin: 2,9, Prof/tech: 1,75, Construction: 1,34, Manufacturing: 1,, Retail: 88, SW/Internet: 64,

18 A job is a job is a job. Since 21, we added about17 million jobs: Industry # of jobs added Average weekly earnings Food services: 2,46, $ 359 Health services: 2,12, 976 Admin: 2,9, 697 Prof/tech: 1,75, 1,5 Construction: 1,34, 1,13 Manufacturing: 1,, 1,8 Retail: 88, 564 SW/Internet: 64, 1,923

19 Private investment could drive growth. Private investment as % of GDP 25% 2% 15% 1% 5% % Source: BEA (8/3/217)

20 . but it is quite volatile Annual % Change (Seasonally-adjusted) Source: BEA (8/3/217)

21 Firms still have idle capacity Manufacturing Capacity Utilization Rate (seasonally-adjusted) Growth in investment in equipment does not happen while this is below 8% Source: Federal Reserve Board

22 Investment in residential construction is on the rise Billions of chained (29) dollars (seasonally-adjusted) 1, Source: BEA (8/3/217)

23 Are we building enough housing? New Privately-Owned Housing Starts (Units per thousand population; seasonally-adjusted) Source: U.S. Census Bureau

24 The great shift towards rentership % of housing units that are owner-occupied 62% 61% 6% 59% 58% 57% 56% 55% % of housing units that are renter-occupied 34% 33% 32% 31% 3% 29% 28% 27% 54% 53% Owner-occupied units % Rental housing units % % 25% Source: U.S. Census Bureau

25 may finally be ending U.S. Homeownership Rate (not seasonally-adjusted) 7 Median Sales Price ($s, not seasonally-adjusted) US Homeownership Rate Median Sales Price Source: U.S. Census Bureau

26 Inflation remains tame 5.% 4.% 3.% PCE PCE Core Fed s target 2.% 1.%.% -1.% -2.% Source: BEA (7/28/217)

27 Employers labor costs have grown very slowly Employment Cost Index (Annual % change in total compensation) Source: BLS (7/28/217)

28 How s the nation doing? Do we see a national recession looming? Not really But we may need to accept living in a slow growth-low inflation environment This could be due to the changing mix of industries and the influence of technology The consumer will continue to be the main driver So a healthy labor market is important But wage growth has been mediocre which is worrisome

29 E pluribus quattuor

30 CoStar s economic regions

31 BEA s eight economic regions

32 Regions have performed differently. Real GDP Growth (Average annual percent change 21 to 216) U.S. real GDP growth 21 to 216: 1.9% 1.2% 2.5% 2.1% 1.8% 1.8% 1.5% 3.1% 1.4%

33 as have states in the West Real GDP Growth (Average annual percent change 21 to 216) US UT CA WA CO OR MT HI ID AZ NV NM AK WY (.8) (1.1) Source: BEA (5/11/217)

34 Most Western states are growing faster than the U.S. Real GDP Growth (Percent change 216 over 215) US WA OR UT CA NV HI AZ CO ID MT NM WY AK (.5) (3.6) (5.) Source: BEA (5/11/217)

35 Washington Real GDP Growth (Year over year percent change) 8 Unemployment rate: 4.5% Job growth (July): 2.2% Pop growth (216): 1.8% Per capita income: $45, Source: BEA (5/11/217)

36 Oregon Real GDP Growth (Year over year percent change) Unemployment rate: 3.8% Job growth (July): 2.9% Pop growth (216): 1.7% Per capita income: $4, Source: BEA (5/11/217)

37 Utah Real GDP Growth (Year over year percent change) Unemployment rate: 3.5% Job growth (July): 2.5% Pop growth (216): 2.% Per capita income: $37, Source: BEA (5/11/217)

38 California Real GDP Growth (Year over year percent change) 6 Unemployment rate: 4.8% Job growth (July): 1.7% Pop growth (216):.7% Per capita income: $43, Source: BEA (5/11/217)

39 Nevada Real GDP Growth (Year over year percent change) Unemployment rate: 4.8% Job growth (July): 2.7% Pop growth (216): 2.% Per capita income $39, Source: BEA (5/11/217)

40 Arizona Real GDP Growth (Year over year percent change) Unemployment rate: 5.1% Job growth (July): 1.2% Pop growth (216): 1.7% Per capita income: $37, Source: BEA (5/11/217)

41 Colorado Real GDP Growth (Year over year percent change) 6 Unemployment rate: 2.4% Job growth (July): 1.7% Pop growth (216): 1.7% Per capita income: $45, Source: BEA (5/11/217)

42 Texas Real GDP Growth (Year over year percent change) Unemployment rate: 4.3% Job growth (July): 2.4% Pop growth (216): 1.6% Per capita income: $44, Source: BEA (5/11/217)

43 Christine Cooper, Ph.D. (844) Copyright 217 CoStar Realty Information, Inc. No reproduction or distribution without permission.

Office of the Chief Economist National Credit Union Administration. Economic Overview. California State Examiner School.

Office of the Chief Economist National Credit Union Administration. Economic Overview. California State Examiner School. Office of the Chief Economist National Credit Union Administration California State Examiner School May 30, 2017 Credit Union Performance Trends Recent Data About Credit Union Performance in California,

More information

Uinta Basin Energy Summit Economic Overview September 10, 2015

Uinta Basin Energy Summit Economic Overview September 10, 2015 Uinta Basin Energy Summit Economic Overview September 10, 2015 Overview National Economic Conditions Utah Economic Conditions Utah is One of the Fastest Growing CA States in the Country Percent Change

More information

Utah Land Title Association Economic Overview February 1, 2016

Utah Land Title Association Economic Overview February 1, 2016 Utah Land Title Association Economic Overview February 1, 2016 Utah is One of the Fastest Growing CA 0.9% States in the Country Percent Change in Population for States: 2012 to 2013 WA 1.1% OR 0.8% NV

More information

The Economics of Homelessness

The Economics of Homelessness 15 The Economics of Homelessness Despite frequent characterization as a psychosocial problem, the problem of homelessness is largely economic. People who become homeless have insufficient financial resources

More information

WAFD October 21, 2008

WAFD October 21, 2008 Presented to Western Association of Fastener Distributors A. GARY ANDERSON CENTER FOR ECONOMIC RESEARCH CHAPMAN UNIVERSITY Federal Reserve Monetary Policy Objectives Economic Growth Low Unemployment Rate/High

More information

Plunging Oil Prices: Impact on the U.S. and State Economies

Plunging Oil Prices: Impact on the U.S. and State Economies Plunging Oil Prices: Impact on the U.S. and State Economies Mine Yücel Senior Vice President and Director of Research November 17, 216 Nominal price, weekly 16 14 Oil and gas prices volatile 12 1 Oil price

More information

Presented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research (415)

Presented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research (415) Arizona Economic Overview May 2, 2012 Presented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research SOlesiuk@fdic.gov (415) 808-7962 The views expressed are those of the presenter

More information

Zions Bank Economic Overview

Zions Bank Economic Overview Zions Bank Economic Overview Jackson Hole Mountain Resort March 20, 2018 National Economic Conditions When Good News is Bad News Is Good News?? Dow Tops 26,000 Up 44% Since 2016 Election Source: Wall Street

More information

Texas Mid-Year Economic Outlook: Strong Growth Continues

Texas Mid-Year Economic Outlook: Strong Growth Continues Texas Mid-Year Economic Outlook: Strong Growth Continues Keith Phillips Assistant Vice President and Senior Economist 9/27/18 The views expressed in this presentation are strictly those of the presenter

More information

2018 Texas Economic Outlook: Firing on All Cylinders

2018 Texas Economic Outlook: Firing on All Cylinders 218 Texas Economic Outlook: Firing on All Cylinders Keith Phillips Assistant Vice President and Senior Economist 4/5/218 The views expressed in this presentation are strictly those of the presenter and

More information

Recap of 2017: The Best Year in a Decade

Recap of 2017: The Best Year in a Decade NOVEMBER 217 Recap of 217: The Best Year in a Decade Macroeconomic conditions remained favorable for housing and mortgage markets in 217. Despite challenges, the housing markets remain on track for their

More information

Texas Economic Outlook: Strong Growth Continues

Texas Economic Outlook: Strong Growth Continues Texas Economic Outlook: Strong Growth Continues Keith Phillips Assistant Vice President and Senior Economist 1/23/18 The views expressed in this presentation are strictly those of the presenter and do

More information

State, Local and Net Tuition Revenue Supporting General Operating Expenses of Higher Education, U.S., Fiscal Year 2010, Current (unadjusted) Dollars

State, Local and Net Tuition Revenue Supporting General Operating Expenses of Higher Education, U.S., Fiscal Year 2010, Current (unadjusted) Dollars State, Local and Net Tuition Revenue Supporting General Operating Expenses of Higher Education, U.S., Fiscal Year 2010, Current (unadjusted) Dollars Net Tuition $51.3 Billion 37% All State Support $73.7

More information

Plunging Crude Prices: Impact on U.S. and State Economies

Plunging Crude Prices: Impact on U.S. and State Economies Plunging Crude Prices: Impact on U.S. and State Economies Mine Yücel Senior Vice President and Director of Research August 7, 215 Oil and gas prices plunge Nominal price, $, weekly 16 14 12 Oil Price 1

More information

BY THE NUMBERS 2016: Another Lackluster Year for State Tax Revenue

BY THE NUMBERS 2016: Another Lackluster Year for State Tax Revenue BY THE NUMBERS 2016: Another Lackluster Year for State Tax Revenue Jim Malatras May 2017 Lucy Dadayan and Donald J. Boyd 2016: Another Lackluster Year for State Tax Revenue Lucy Dadayan and Donald J. Boyd

More information

U.S. Economic Outlook

U.S. Economic Outlook U.S. Economic Outlook Daniel Cooper Federal Reserve Bank of Boston October 14, 2015 The views expressed in this presentation are those of the author and do not necessarily represent the views of the Federal

More information

Texas Economic Outlook: Tapping on the Brakes

Texas Economic Outlook: Tapping on the Brakes National Economy Picking Up After Q1 Pause Texas Economic Outlook: Tapping on the Brakes Keith Phillips Assistant Vice President and Senior Economist Consumer spending picked up in 1 as housing prices

More information

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama US Economic Outlook Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama Composite Can and Tube Institute Annual Meeting Point Clear, Alabama May

More information

Slow and Low: The Economic and Financial Outlook

Slow and Low: The Economic and Financial Outlook Southern Legislative Conference 7th Annual Meeting Slow and Low: The Economic and Financial Outlook July, William R. Emmons Federal Reserve Bank of St. Louis William.R.Emmons@stls.frb.org These comments

More information

A Divided Real Estate Nation

A Divided Real Estate Nation Real Estate Reality Check Explanation of "What Happened" from the 26 Leadership Conference Boom ended August 2 Mortgage rates rose almost one point Affordability conditions deteriorated Speculative investors

More information

US Geological Survey Streamflow Information Program. Western States Water Council Meeting 07/17/2014

US Geological Survey Streamflow Information Program. Western States Water Council Meeting 07/17/2014 US Geological Survey Streamflow Information Program Western States Water Council Meeting 07/17/2014 Streamgage Network Budget National Streamflow Information Program and the Cooperative Water Program Historical

More information

Quarterly Economic Update Key Trends

Quarterly Economic Update Key Trends Quarterly Economic Update Key Trends Linda Haran Senior Director June 2011 Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product

More information

Economic Outlook June Economic Policy Division

Economic Outlook June Economic Policy Division Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198

More information

The Puzzling Decline in State Sales Tax Collections

The Puzzling Decline in State Sales Tax Collections The Puzzling Decline in State Sales Tax Collections Introduction This is the first of a series of papers that will investigate fiscal problems confronting the states. In spite of low unemployment rates,

More information

Economic Projections and Overview

Economic Projections and Overview Economic Projections and Overview Summary of Labor Market Economic Indicators Department of Employment, Training, & Rehabilitation Don Soderberg, Director Dennis Perea, Deputy Director David Schmidt, Chief

More information

Pacific Northwest Economic Development Council Conference Mt. Hood, Oregon June 20, 2005

Pacific Northwest Economic Development Council Conference Mt. Hood, Oregon June 20, 2005 Pacific Northwest Economic Development Council Conference Mt. Hood, Oregon June 20, 2005 Gary C. Zimmerman, Senior Economist Federal Reserve Bank of San Francisco Gary.Zimmerman@sf.frb.org Overview National

More information

Economic Outlook June Economic Policy Division

Economic Outlook June Economic Policy Division Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198

More information

Economic Potential Drives Commercial Real Estate

Economic Potential Drives Commercial Real Estate Boom Boom Boom What Drives Commercial Real Estate Today September, 2016 First American Financial Corporation makes no express or implied warranty respecting the information presented and assumes no responsibility

More information

Zions Bank Economic Overview

Zions Bank Economic Overview Zions Bank Economic Overview Utah League of Cities and Towns June 18, 2018 Utah Economic Conditions CA 0.6% OR 1.4% WA 1.7% NV 2.0% Utah Population 3 rd Fastest Growing in U.S. ID 2.2% UT 1.9% AZ 1.6%

More information

Age of Insured Discount

Age of Insured Discount A discount may apply based on the age of the insured. The age of each insured shall be calculated as the policyholder s age as of the last day of the calendar year. The age of the named insured in the

More information

The Oil Market: From Boom to Gloom

The Oil Market: From Boom to Gloom The Oil Market: From Boom to Gloom Mine Yücel Senior Vice President and Director of Research February 12, 216 The views expressed are those of the speaker and should not be attributed to the or the Federal

More information

With the tax filing season in full swing, these summary

With the tax filing season in full swing, these summary NationalEconomicTrends March Income Taxes: Who Pays and How Much? With the tax filing season in full swing, these summary figures may provide some perspective on the issue of who is paying federal individual

More information

A summary of regional and national economic indicators for the Tenth District states SUMMARY OF CURRENT TENTH DISTRICT ECONOMIC CONDITIONS

A summary of regional and national economic indicators for the Tenth District states SUMMARY OF CURRENT TENTH DISTRICT ECONOMIC CONDITIONS Tenth THE District ECONOMIC DATABOOK A summary of regional and national economic indicators for the states FEBRUARY 26, 218 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT TENTH DISTRICT ECONOMIC

More information

Mississippi s Business Monitoring The State s Economy

Mississippi s Business Monitoring The State s Economy Mississippi s Business January 2012 Monitoring The State s Economy ECONOMY AT A GLANCE Volume 70 - Number 1 A Publication of the University Research Center, Mississippi Institutions of Higher Learning

More information

The relatively slow growth of employment has

The relatively slow growth of employment has NationalEconomicTrends August Please go to researchstlouisfedorg/publications/net for important information about your subscription Labor s Share The relatively slow growth of employment has been a prominent

More information

Update: 50-State Survey of Retiree Health Care Liabilities Most recent data show changes to benefits, funding policies could help manage rising costs

Update: 50-State Survey of Retiree Health Care Liabilities Most recent data show changes to benefits, funding policies could help manage rising costs A fact sheet from Dec 2018 Update: 50-State Survey of Retiree Health Care Liabilities Most recent data show changes to benefits, funding policies could help manage rising costs Getty Images Overview States

More information

Highlights. Percent of States with a Decrease in MH Expenditures from Prior Year: FY2001 to 2010

Highlights. Percent of States with a Decrease in MH Expenditures from Prior Year: FY2001 to 2010 FY 2010 State Mental Health Revenues and Expenditures Information from the National Association of State Mental Health Program Directors Research Institute, Inc (NRI) Sept 2012 Highlights SMHA Funding

More information

Zions Bank Economic Overview

Zions Bank Economic Overview Zions Bank Economic Overview Utah Institute of Real Estate Management Economic Summit September 12, 2017 National Economic Conditions August Job Indicators Indicator Expectation Actual Total Nonfarm Payrolls

More information

Rising Risks for the Housing Outlook

Rising Risks for the Housing Outlook Rising Risks for the Housing Outlook Master Builders Association of Pierce County October 17, 2018 Robert Dietz, Ph.D. NAHB Chief Economist Population Growth Pierce County population growing faster than

More information

West Michigan Economy Dr. Paul Isely

West Michigan Economy Dr. Paul Isely West Michigan Economy 2017 Dr. Paul Isely How I did last year West Michigan Employment Prediction: 2.6% to 3.0% December 2015 December 2016 Actual: 2.4% November 2015- November 2016* US GDP Growth Prediction:

More information

Utah Association of Special Districts Economic Overview November 5, 2015

Utah Association of Special Districts Economic Overview November 5, 2015 Utah Association of Special Districts Economic Overview November 5, 2015 Utah is One of the Fastest Growing CA 0.9% States in the Country Percent Change in Population for States: 2012 to 2013 WA 1.1% OR

More information

In 2010, the first of the Baby Boom generation will

In 2010, the first of the Baby Boom generation will NationalEconomicTrends September 7 Can Social Security Survive the Baby Boomers? In 1, the first of the Baby Boom generation will reach age Many will choose to begin what they hope will be a long and financially

More information

Introduction. Evaluation of Utah s Tax System

Introduction. Evaluation of Utah s Tax System Article from Policy Perspectives (http://www.imakenews.com/cppa/e_article000962970.cfm?x=b6gdd3k,b30dnqvw,w) November 28, 2007 An Evaluation of Utah s Tax System and a Comparison of Eight Intermountain

More information

Texas Economic Outlook: Cruising in Third Gear

Texas Economic Outlook: Cruising in Third Gear Texas Economic Outlook: Cruising in Third Gear Keith Phillips Assistant Vice President and Senior Economist 1/19/17 The views expressed in this presentation are strictly those of the presenter and do not

More information

Housing Market Update. September 23, 2013

Housing Market Update. September 23, 2013 Housing Market Update September 23, 2013 Overview Housing market gradually recovering from the deepest and longest downturn since the Great Depression. Excess supply of housing largely worked off. Underlying

More information

Transitions. Population and Economic Trends For Northern Colorado

Transitions. Population and Economic Trends For Northern Colorado Transitions Population and Economic Trends For Northern Colorado EDCC 2017 Elizabeth Garner State Demography Office Colorado Department of Local Affairs Demography.dola.colorado.gov Transitions to Watch

More information

REVIEW OF CURRENT CONDITIONS:

REVIEW OF CURRENT CONDITIONS: December 2016 REVIEW OF CURRENT CONDITIONS: THE ECONOMIC OUTLOOK AND ITS IMPACT ON WORKERS COMPENSATION The exhibits below are updated to reflect the current economic outlook for factors that typically

More information

Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS. Presentation at NAR Leadership Summit Chicago, IL

Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS. Presentation at NAR Leadership Summit Chicago, IL Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation at NAR Leadership Summit Chicago, IL August 21, 2008 60 50 Home Sales Starting to Recover from Improving Affordability

More information

STATE REVENUE REPORT. Revenue Now Growing in Most States; Sales Tax Gains 5.7 Percent in 2nd Quarter. But Totals Are Still Below 2008 Level

STATE REVENUE REPORT. Revenue Now Growing in Most States; Sales Tax Gains 5.7 Percent in 2nd Quarter. But Totals Are Still Below 2008 Level STATE REVENUE REPORT WWW.ROCKINST.ORG OCTOBER 2010, No. 81 Revenue Now Growing in Most States; Sales Tax Gains 5.7 Percent in 2nd Quarter But Totals Are Still Below 2008 Level Lucy Dadayan and Donald J.

More information

On October 4, 2006, President Bush signed the

On October 4, 2006, President Bush signed the NationalEconomicTrends December Political Economy of State Homeland Security Grants On October,, President Bush signed the Department of Homeland Security (DHS) Appro pri - ations Act for fiscal year 7

More information

The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment

The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment Economic Recovery: Wherefore Art Thou? Jon Haveman Chief Economist, BAC Economic Institute November 8, 1 The Great Recession 1- Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and

More information

Western Economic. evelopments IN THIS ISSUE. District economies gain momentum in early Job growth intensifies and spreads

Western Economic. evelopments IN THIS ISSUE. District economies gain momentum in early Job growth intensifies and spreads IN THIS ISSUE F E D E R A L R E S E R V E B A N K O F S A N F R A N C I S C O Western Economic Developments District economies gain momentum in early Figure : Nonagricultural payroll growth by state (annualized

More information

ECONOMY AT A GLANCE. Figure 1. Leading indices 95 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/1711/1712/17 1/18 2/18 3/18. U.S.

ECONOMY AT A GLANCE. Figure 1. Leading indices 95 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/1711/1712/17 1/18 2/18 3/18. U.S. M AY 2018 V OLUME 76, NUMBER 5 Monitoring the State s Economy Inside this issue: Mississippi Leading Index, March 2018 Mississippi Coincident Index, March 2018 National Trends 5 Mississippi Employment

More information

THE TAX BURDEN IN ARIZONA

THE TAX BURDEN IN ARIZONA THE TAX BURDEN IN ARIZONA A Report from the Office of the University Economist May 2009 Tom R. Rex, MBA Associate Director, Center for Competitiveness and Prosperity Research Center for Competitiveness

More information

U.S. Economic Activity. Federal Reserve Bank of Dallas

U.S. Economic Activity. Federal Reserve Bank of Dallas U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity 1 month % change 1.0 Real Personal Consumption

More information

U.S. Economic Activity. Federal Reserve Bank of Dallas

U.S. Economic Activity. Federal Reserve Bank of Dallas U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Initial Claims for Unemployment and Unemployment

More information

U.S. Economic Activity. Federal Reserve Bank of Dallas

U.S. Economic Activity. Federal Reserve Bank of Dallas U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity New Orders for Durable Goods Billions

More information

U.S. Economic Activity. Federal Reserve Bank of Dallas

U.S. Economic Activity. Federal Reserve Bank of Dallas U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Initial Claims for Unemployment and Unemployment

More information

medicaid a n d t h e How will the Medicaid Expansion for Adults Impact Eligibility and Coverage? Key Findings in Brief

medicaid a n d t h e How will the Medicaid Expansion for Adults Impact Eligibility and Coverage? Key Findings in Brief on medicaid a n d t h e uninsured July 2012 How will the Medicaid Expansion for Adults Impact Eligibility and Coverage? Key Findings in Brief Effective January 2014, the ACA establishes a new minimum Medicaid

More information

Union Members in New York and New Jersey 2018

Union Members in New York and New Jersey 2018 For Release: Friday, March 29, 2019 19-528-NEW NEW YORK NEW JERSEY INFORMATION OFFICE: New York City, N.Y. Technical information: (646) 264-3600 BLSinfoNY@bls.gov www.bls.gov/regions/new-york-new-jersey

More information

Comparative Revenues and Revenue Forecasts Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas

Comparative Revenues and Revenue Forecasts Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas Comparative Revenues and Revenue Forecasts 2010-2014 Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas Comparative Revenues and Revenue Forecasts This data shows tax

More information

The Federal Reserve has set the target range for the federal

The Federal Reserve has set the target range for the federal NationalEconomicTrends October Monetary Policy Stance: The View from Consumption Spending The Federal Reserve has set the target range for the federal funds at to 5 percent and intends to keep this near

More information

National and Virginia Economic Outlook

National and Virginia Economic Outlook National and Virginia Economic Outlook Association of Electric Cooperatives September 29, 215 Sonya Ravindranath Waddell Regional Economist Research Department The views and opinions expressed herein are

More information

Real GDP Growth Compounded annual rates of change. Consumer Price Index Percent change

Real GDP Growth Compounded annual rates of change. Consumer Price Index Percent change National Economic Trends Real Gross Domestic Product (DISCONTINUED) Real GDP Growth Compounded annual rates of change 6 5 Compounded Annual Rate of Change 4 3 2 1-1 Q1 214 Q1 215 Q1 216 Q1 217 195 196

More information

Zions Bank Economic Overview Alta High School. March 24, 2017

Zions Bank Economic Overview Alta High School. March 24, 2017 Zions Bank Economic Overview Alta High School March 24, 2017 Economic Fundamentals Scarcity Based on limited resources Scarce resources must be allocated using a method of distribution Example: Food Clean

More information

Consensus Forecast 2010 and 2011

Consensus Forecast 2010 and 2011 Consensus Forecast 2010 and 2011 Seventeenth Annual Automotive Outlook Symposium Detroit, Michigan June 4, 2010 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Review

More information

Insufficient and Negative Equity

Insufficient and Negative Equity Insufficient and Negative Equity Lack Of Equity Impedes The Real Estate Market Mark Fleming Chief Economist December, 2011 70% 60% 50% 40% 30% Negative Equity Highly Concentrated Negative Equity Share,

More information

House prices in the United States were 14.1 percent

House prices in the United States were 14.1 percent NationalEconomicTrends August How Much Have US House Prices Fallen? House prices in the United States were 11 percent lower in the first quarter of than they were a year earlier, according to a widely

More information

Minnesota s Economics & Demographics Looking To 2030 & Beyond. Tom Stinson, State Economist Tom Gillaspy, State Demographer July 2008

Minnesota s Economics & Demographics Looking To 2030 & Beyond. Tom Stinson, State Economist Tom Gillaspy, State Demographer July 2008 Minnesota s Economics & Demographics Looking To 2030 & Beyond Tom Stinson, State Economist Tom Gillaspy, State Demographer July 2008 Minnesota Has Been Very Successful (Especially For A Cold Weather State

More information

Robert D. Cruz, PhD, Chief Economist

Robert D. Cruz, PhD, Chief Economist Robert D. Cruz, PhD, Chief Economist Office of Economic Development and International Trade Miami-Dade County cruzr1@miamidade.gov / www.miamidade.gov/oedit Office of Economic Development and International

More information

Old Dominion University 2013 National Economic Outlook

Old Dominion University 2013 National Economic Outlook Old Dominion University 2013 National Economic Outlook January 30, 2013 Professor Vinod Agarwal Professor Mohammad Najand Professor Gary A. Wagner www.odu.edu/forecasting 1 Presentation Outline 2012 Scorecard

More information

ECONOMY AT A GLANCE. Figure 1. Leading indices. 10/1711/1712/17 1/18 2/18 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18 Mississippi

ECONOMY AT A GLANCE. Figure 1. Leading indices. 10/1711/1712/17 1/18 2/18 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18 Mississippi DECEMBER 2018 V OLUME 76, NUMBER 12 Inside this issue: Mississippi Leading Index, October 2018 Mississippi Coincident Index, October 2018 National Trends 5 Mississippi Employment Trends Changes in County

More information

Nevada Labor Market Briefing: January Summary of Labor Market Economic Indicators

Nevada Labor Market Briefing: January Summary of Labor Market Economic Indicators Nevada Labor Market Briefing: January 2019 Summary of Labor Market Economic Indicators Department of Employment, Training, & Rehabilitation Dr. Tiffany Tyler-Garner, Director Dennis Perea, Deputy Director

More information

Texas Mid-Year Economic Outlook: The Skies are Beginning to Clear Keith Phillips Assistant Vice President and Senior Economist

Texas Mid-Year Economic Outlook: The Skies are Beginning to Clear Keith Phillips Assistant Vice President and Senior Economist Texas Mid-Year Economic Outlook: The Skies are Beginning to Clear Keith Phillips Assistant Vice President and Senior Economist The views expressed in this presentation are strictly those of the presenter

More information

Modest Economic Growth and Falling GDP Gap

Modest Economic Growth and Falling GDP Gap Modest Economic Growth and Falling GDP Gap -. -. U.S. Economic Output (Real GDP - Quarterly Growth Rate).................................... : : : : : : : : : : -. -. -. -. -. -. -. -. -. -. -. -. -. -.

More information

Household Income for States: 2010 and 2011

Household Income for States: 2010 and 2011 Household Income for States: 2010 and 2011 American Community Survey Briefs By Amanda Noss Issued September 2012 ACSBR/11-02 INTRODUCTION Estimates from the 2010 American Community Survey (ACS) and the

More information

Putting Nevada in Perspective: State and Local Budgets in Recession and Recovery

Putting Nevada in Perspective: State and Local Budgets in Recession and Recovery Putting Nevada in Perspective: State and Local Budgets in Recession and Recovery Tracy M. Gordon Fellow, Economic Studies Prepared for Brookings Mountain West at UNLV September 17-21, 2011 1 Outline of

More information

Too Many Zeros in Year Seven. Greater Spokane Incorporated November 10, 2015 John W. Mitchell

Too Many Zeros in Year Seven. Greater Spokane Incorporated November 10, 2015 John W. Mitchell Too Many Zeros in Year Seven Greater Spokane Incorporated November 10, 2015 John W. Mitchell November 10, 2015 Midway Through The Seventh Year Headline Inflation Zero Fed Funds Target 0-.25 US Treasury

More information

Many analysts have argued that a housing boom preceded

Many analysts have argued that a housing boom preceded NationalEconomicTrends September The Financial Services Sector: Boom and Recession Many analysts have argued that a housing boom preceded the recent financial crisis and economic slowdown Innovations in

More information

Economic Trends, Challenges, and Opportunities Affecting the P/C and Surety LOB

Economic Trends, Challenges, and Opportunities Affecting the P/C and Surety LOB Economic Trends, Challenges, and Opportunities Affecting the P/C and Surety LOB New Jersey Surety Association September 13, 2012 Steven N. Weisbart, Ph.D., CLU, Senior Vice President & Chief Economist

More information

There has been considerable discussion of the possibility

There has been considerable discussion of the possibility NationalEconomicTrends February Housing and the R Word There has been considerable discussion of the possibility that ongoing troubles in the housing market could push the economy into recession 1 But

More information

Western Economic Developments

Western Economic Developments IN THIS ISSUE F E D E R A L R E S E R V E B A N K O F S A N F R A N C I S C O Western Economic Developments Tragedy reduces Twelfth District economic growth prospects - - - Figure : District employment

More information

36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State

36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State 36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State An estimated 36 million people in the United States had no health insurance in 2014, approximately

More information

ACORD Forms in ebixasp (03/2004)

ACORD Forms in ebixasp (03/2004) ACORD Forms in ebixasp (03/2004) Form number Form Name Edition Date 1 Property Loss Notice 2002/1 2 Automobile Loss Notice 2002/1 3 General Liability Notice of Occurrence/Claim 2002/1 4 Workers Compensation

More information

Emerging Trends in the U.S. and Colorado Economies

Emerging Trends in the U.S. and Colorado Economies Emerging Trends in the U.S. and Colorado Economies Sam Chapman Associate Economist Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily

More information

Aetna Individual Direct Pay Commissions Schedule

Aetna Individual Direct Pay Commissions Schedule Aetna Individual Direct Pay Commissions Schedule Cards Issued Broker Rate Broker Tier Per Year 1st Yr 2nd Yr 3+ Yrs Levels 11-Jan 4.00% 4.00% 3.00% Bronze 24-Dec 6.00% 4.00% 3.00% Silver 25-49 8.00% 4.00%

More information

ECONOMY AT A GLANCE. n April the value of the Mississippi Leading Index (MLI) rose 0.3 percent as seen

ECONOMY AT A GLANCE. n April the value of the Mississippi Leading Index (MLI) rose 0.3 percent as seen JUNE 2018 V OLUME 76, NUMBER 6 Inside this issue: Mississippi Leading Index, April 2018 Mississippi Coincident Index, April 2018 National Trends 5 Mississippi Employment Trends Change in Mississippi Real

More information

STATE REVENUE REPORT. Revenue Declines Less Severe, But States Fiscal Crisis Is Far From Over. Recovery Not in Sight; May Be Long and Slow

STATE REVENUE REPORT. Revenue Declines Less Severe, But States Fiscal Crisis Is Far From Over. Recovery Not in Sight; May Be Long and Slow STATE REVENUE REPORT WWW.ROCKINST.ORG APRIL 2010, No. 79 Revenue Declines Less Severe, But States Fiscal Crisis Is Far From Over Recovery Not in Sight; May Be Long and Slow Donald J. Boyd and Lucy Dadayan

More information

Growing Colorado. Population Transitions In Boulder

Growing Colorado. Population Transitions In Boulder Growing Colorado Population Transitions In Boulder Elizabeth Garner State Demography Office Colorado Department of Local Affairs 2018 Demography.dola.colorado.gov Transitions to Watch Disparate growth

More information

City of Modesto Economic Indicators December 2014 Edition

City of Modesto Economic Indicators December 2014 Edition City of Modesto Economic Indicators December 2014 Edition Steve Christensen City of Modesto Economic Outlook: City of Modesto The City of Modesto continues to slowly recover from the Great Recession. Some

More information

National Employment Law Project UNEMPLOYMENT INSURANCE FINANCING: STATE TRUST FUNDS IN RECESSION AS OF SEPTEMBER 30, 2008

National Employment Law Project UNEMPLOYMENT INSURANCE FINANCING: STATE TRUST FUNDS IN RECESSION AS OF SEPTEMBER 30, 2008 National Employment Law Project UNEMPLOYMENT INSURANCE FINANCING: STATE TRUST FUNDS IN RECESSION AS OF SEPTEMBER 30, 2008 Introduction In May 2008, NELP issued a briefing paper (Unemployment Insurance

More information

U.S. Regional Watch. 1Q09 Webcast Presentation. March 26 th, BBVA Economic Research Department, March

U.S. Regional Watch. 1Q09 Webcast Presentation. March 26 th, BBVA Economic Research Department, March U.S. Regional Watch 1Q9 Webcast Presentation March th, 9 BBVA Economic Research Department, March 9 1 1 Global recession A DEEP CRISIS Private sector is more indebted in developed countries Wealth destruction

More information

Western Treasure Valley Economic Breakfast Economic Overview March 17, 2016

Western Treasure Valley Economic Breakfast Economic Overview March 17, 2016 Western Treasure Valley Economic Breakfast Economic Overview March 17, 2016 Utah is One of the Fastest Growing CA 0.9% States in the Country Percent Change in Population for States: 2012 to 2013 WA 1.1%

More information

Western New York ECONOMIC NEWS Canisius College Richard J. Wehle School of Business

Western New York ECONOMIC NEWS Canisius College Richard J. Wehle School of Business Western New York ECONOMIC NEWS Canisius College Richard J. Wehle School of Business Volume 20, Number 1 January 2017 The BEA earnings report, which has historically served as the basis for our projection

More information

ACORD Forms Updated in AMS R1

ACORD Forms Updated in AMS R1 ACORD Forms Updated in AMS360 2017 R1 The following forms will use the ACORD form viewer, also new in this release. Forms with an indicate they were added because of requests in the Product Enhancement

More information

SOUTHERN NEVADA 2015 ECONOMIC OUTLOOK

SOUTHERN NEVADA 2015 ECONOMIC OUTLOOK SOUTHERN NEVADA 2015 ECONOMIC OUTLOOK NAIOP Washington D.C. Legislative Retreat February 9-11, 2015 Prepared by: ECONOMIC OVERVIEW 2 Nevada job recovery from Great Recession after 90 months. Nevada Recession

More information

Economic Watch Regional Outlook. West Coast and Resource Growth Bias to Ease in 2014

Economic Watch Regional Outlook. West Coast and Resource Growth Bias to Ease in 2014 Economic Watch United States Economic Analysis Boyd Nash-Stacey boyd.stacey@bbvacompass.com 2014 Regional Outlook West Coast and Resource Growth Bias to Ease in 2014 2014 will be the first year of regional

More information

Multistate indirect tax trends and policies

Multistate indirect tax trends and policies Multistate indirect tax trends and policies Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate

More information

The Global Economic Pulse Quickens. The Global Economic Pulse Quickens

The Global Economic Pulse Quickens. The Global Economic Pulse Quickens The global economy s pulse quickens Real GDP in selected regions (percent change from four quarters earlier) 13 12 11 Forecasts 1 9 China 7 India 6 5 All others 3 2 1-1 Global (shaded grey region) -2 US

More information

Economic Highlights. ISM Purchasing Managers Index 1. Sixth District Payroll Employment by Industry 2. Contributions to Real GDP Growth 3

Economic Highlights. ISM Purchasing Managers Index 1. Sixth District Payroll Employment by Industry 2. Contributions to Real GDP Growth 3 December 1, 2010 Economic Highlights Manufacturing ISM Purchasing Managers Index 1 Employment Sixth District Payroll Employment by Industry 2 Economic Activity Contributions to Real GDP Growth 3 Prices

More information